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Bitcoin Momentum is Strengthening

Bitcoin has risen significantly over the last few days and pushed through $64k before seeing a small reversal. It has tried to push higher again today but reversed around $63k. Was that a significant top, or are we going to reach an all-time high soon?

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7 comments

7 Comments

pks
Apr 13

Hi Vincent, do you see this strong dip buyable?

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Aamir
Mar 01

Hi Vincent,


I have a question regarding the development of your Bitcoin strategy: have you factored in external influences?


Here are some concerns, possibly bearish in nature, that are frequently raised about Bitcoin, suggesting a bleak near-term outlook:


1. Since its inception, Bitcoin has operated in a ZIRP environment, existing since 2008. Only recently has Bitcoin encountered high interest rates. Its significant price surge seems to be a result of the abundant liquidity both in the US and globally. However, with the ongoing quantitative tightening and the potential drying up of liquidity, Bitcoin might face limited growth prospects.


2. Bitcoin hasn't experienced a "real recession" yet. Excluding the COVID-19 pandemic crash, the last major recession was the GFC. It's unclear…


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Bjoern
Mar 03
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Replying to

Thanks Vincent for your long and detailed reply. Another questions came to my mind while reading your response: Regarding the correlation of BTC / crypto to the stock market.


Since the stock market with the S&P seem to be topping out (who knows right?, but that seems to be the gist from your S&P signal), what is your opinion how might BTC and the rest of the crypto market (since BTC and the rest of crypto are pretty different from each other) develop throughout 2024 and 2025... For BTC and rest of crypto the sentiment seems to be super bullish whereas the stock market under the hood does not seem so healthy (thin leadership etc.)


Hope your wife gets well…

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Eugene C
Mar 01

Great update Vincent. Looks like things are moving along nicely but it has me thinking I might take profits for now on miners and BITX and wait for the next buy signal to get back in to those again. Decisions decisions..... Hope the family are feeling better! Cheers

Edited
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Eugene C
Mar 01
Replying to

Yikes. I did not even know Dengue was there ......and mosquitos love me. Scandinavia for my nest winter vacation so. Have a great weekend and I hope your wife continues to feel better!

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